Lots o’ leftovers…
It’s hard to know where to begin today, because there were so many companies hoping to take advantage of the collective stupor induced by too much turkey, too much time with far-flung relatives and too much effort spent circling the mall parking lot (not to mention the fun times inside the store). Among those filing late on Wednesday was Walt Disney (DIS), which filed its 10-K at 5:14 pm on Wednesday night. While a quick skim hasn’t turned up any smoking guns — other than the $800 Million gain from the sale of E! Entertainment Television, I’m betting that there’s other interesting stuff buried in the K simply because of the time it was filed. Meanwhile, Bearing Point (BE) sought to bury both its 10-K, which it filed on Wednesday at 5:24 pm and its proxy, which was filed on Friday.
Speaking of Friday, there was this 8-K filed by the newly private HCA Inc. which optimistically set the future value of the stock at $102 a share — exactly double what the buyout price was two weeks ago. Friday also saw the filing of Monster Worldwide’s (MNST) new employment agreement with CEO Bill Pastore. And there was also a rash of Form 4s filed by insiders at Crocs Inc. (CROX). Among the sellers was CEO and President Ronald Snyder, who according to this Form 4, sold over 450,000 shares at $44 a share, which should make for a very jolly holiday season. And a smart move, given that the stock is currently trading at under $42 and has a very hefty short ratio.
Speaking of the holidays, I have a limited number of copies of "Financial Fine Print" that I will be happy to sign and mail to the person of your choice in exchange for a $40 donation to the site. If you’re interested in ordering a copy, please send me a note and put "book" in the subject line.